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Enter Symbol
or Name
USA
CA



Nicola Mining Inc
Symbol NIM
Shares Issued 320,637,099
Close 2023-11-14 C$ 0.135
Market Cap C$ 43,286,008
Recent Sedar+ Documents

Nicola to roll back shares one for two Nov. 17

2023-11-14 19:10 ET - News Release

Subject: Nicola Mining Inc. Word Document File: '\\swfile\EmailIn\20231114 155708 Attachment NICOLA News Release announcing effective date of share consolidation (November 2023).docx' 2 CW21120703.1 CW21120703.1 TSXV: NIM NICOLA MINING ANNOUNCES APPROVAL OF SHARE CONSOLIDATION VANCOUVER, BC, November 14, 2023 - Nicola Mining Inc. (TSX.V: NIM) (FSE: HLI) (OTCQG: HUSIF), (the "Company" or "Nicola") announces that, further to its News Release of October 25, 2023, the TSX Venture Exchange has approved the consolidation of its issued and outstanding common shares (the "Shares") on the basis of one new Share (a "Post-consolidated Share") for every two currently outstanding Shares (the "Consolidation"). The Consolidation will become effective at the opening of the market on November 17, 2023. The Company's symbol shall remain as "NIM". Currently, a total of 320,637,099 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 160,318,549 Shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized Shares. No fractional Post-consolidated Shares will be issued as a result of the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a Post-consolidated Share will be rounded up to the nearest whole number of Post-consolidated Shares and no cash consideration will be paid in respect of fractional shares. The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and warrants and conversion of outstanding convertible debentures, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with the terms thereof. Computershare Investor Services Inc. ("Computershare") will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal. About Nicola Mining Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchanges that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully-permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,084 hectares along the southern end of the Guichon Batholith and is adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, consisting of 29 mineral tenures covering 2,178 hectares (ha) and a mining lease covering 335 ha. On behalf of the Board of Directors "Peter Espig" Peter Espig CEO & Director For additional information Contact: Peter Espig Phone: (778) 385-1213 Email: info@nicolamining.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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